POLAR PIONEER AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

20,63 %

Current Ratio

0,55

Debt-to-Equity Ratio

−3,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 516 000	50 512 000	42 403 000	28 605 000
Net Income	−6 248 000	3 028 000	−7 028 000	−12 473 000
Total Assets	97 723 000	86 701 000	71 211 000	64 600 000
Total Equity	−30 292 000	−24 044 000	−27 072 000	−79 967 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 516 000	50 512 000	42 403 000	28 605 000
Expenditure	66 014 000	48 113 000	48 693 000	41 761 000
Operating Profit	−5 498 000	2 398 000	−6 290 000	−13 157 000
Financial Income	210 000	61 000	84 000	100 000
Financial Costs	960 000	−569 000	823 000	−584 000
Financial Balance	−750 000	630 000	−739 000	684 000
Earnings Before Tax	−6 248 000	3 028 000	−7 028 000	−12 473 000
Tax	0	0	0	0
Net Income	−6 248 000	3 028 000	−7 028 000	−12 473 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	91 705 000	85 328 000	67 724 000	63 201 000
Total Current Assets	6 018 000	1 373 000	3 488 000	1 399 000
Total Assets	97 723 000	86 701 000	71 211 000	64 600 000
Total Retained Equity	−30 396 000	−24 148 000	−27 176 000	−80 071 000
Total Equity	−30 292 000	−24 044 000	−27 072 000	−79 967 000
Total Long-Term Debt	117 036 000	100 912 000	90 106 000	143 093 000
Total Current Debt	10 979 000	9 833 000	8 178 000	1 474 000
Total Equity and Debt	97 723 000	86 701 000	71 211 000	64 600 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	60 516 000	50 512 000	42 403 000	28 605 000
Other Income	0	0	0	0
Revenue	60 516 000	50 512 000	42 403 000	28 605 000
Cost of Goods Sold	10 611 000	6 041 000	9 517 000	6 390 000
Salary Costs	23 842 000	21 190 000	18 918 000	14 593 000
Depreciation	9 242 000	5 841 000	5 762 000	5 676 000
Impairment	0	0	0	0
Expenditure	66 014 000	48 113 000	48 693 000	41 761 000
Operating Profit	−5 498 000	2 398 000	−6 290 000	−13 157 000
Financial Income	210 000	61 000	84 000	100 000
Financial Costs	960 000	−569 000	823 000	−584 000
Financial Balance	−750 000	630 000	−739 000	684 000
Dividends	0	0	0	0
Net Income	−6 248 000	3 028 000	−7 028 000	−12 473 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 832 000	1 828 000	2 770 000	1 555 000
Total Tangible Assets	87 353 000	79 381 000	60 723 000	63 200 000
Total Fiancial Fixed Assets	4 352 000	5 947 000	7 001 000	2 000
Total Fixed Assets	91 705 000	85 328 000	67 724 000	63 201 000
Stock	3 058 000	677 000	2 121 000	830 000
Total Investments	0	0	0	0
Cash, Bank	2 230 000	651 000	1 040 000	184 000
Total Current Assets	6 018 000	1 373 000	3 488 000	1 399 000
Total Assets	97 723 000	86 701 000	71 211 000	64 600 000
Total Equity	−30 292 000	−24 044 000	−27 072 000	−79 967 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	117 036 000	100 912 000	90 106 000	143 093 000
Creditors	7 429 000	2 990 000	5 407 000	1 203 000
Unpaid Taxes	1 648 000	4 694 000	2 293 000	249 000
Dividends	0	0	0	0
Other Current Debt	1 901 000	2 149 000	478 000	22 000
Total Current Debt	10 979 000	9 833 000	8 178 000	1 474 000
Total Equity and Debt	97 723 000	86 701 000	71 211 000	64 600 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,63 %	−12,59 %	25,96 %	15,6 %
Debt-to-Equity Ratio	−3,86	−4,2	−3,33	−1,79
Operating Profit Margin	−9,09 %	4,75 %	−14,83 %	−46 %
Current Ratio	0,55	0,14	0,43	0,95
Quick Ratio	0,76	0,15	0,58	2,17
Equity Ratio	−0,31	−0,28	−0,38	−1,24
Gross Profit Margin	82,47 %	88,04 %	77,56 %	77,66 %